President and Chief Executive Officer
|Michael has spent his entire career in the liquidation industry and has been instrumental in managing many of the country's largest store closing programs. Over the past 19 years, Mike has developed an unique expertise covering virtually every type of retail business and the broadest range of inventory categories and store formats. As the leader of Hilco Merchant Resources’ management team, Mike has been instrumental in developing, perfecting and executing many of today's most innovative asset disposition practices and tools.|
Executive Vice President
|Cory specializes in structuring and implementing sophisticated asset redeployment strategies for retailers. A recognized expert in bankruptcy, corporate reorganization and restructurings. Cory was a partner in bankruptcy/commercial law at Jones, Day, Reavis & Pogue, one of the nation's largest law firms. While at Jones Day, he participated in such major retail Chapter 11 cases as Federated Department Stores/Allied Stores Corporation, Herman's Sporting Goods, Warehouse Club and Gantos. Cory is a frequent speaker on legal, financial and bankruptcy issues. He is a graduate of the University of Wisconsin at Madison and earned his law degree from Northwestern University School of Law.|
|Anton J. Caracciolo
Executive Vice President
|Anton has over 25 years of Senior Level Retail and Asset Management Expertise. Prior to joining Hilco, he was responsible for operations and client relations with a major asset management firm. He was formerly Vice President of Operations and Principal of Channel Home Centers and Vice President of Operations for Home Quarters Warehouse. Anton earned a B.S. from Seton Hall University.|
|Benjamin L. Nortman
Executive Vice President
|Ben is respected as an expert in structuring complex asset acquisition and disposition transactions. He serves three roles within Hilco: as Executive Vice President of Hilco Merchant Resources, a world leader in retail asset disposition and operational services; as Managing Director of Hilco Consumer Capital, a leading consumer products brand management firm; and as Executive Vice President of Hilco Trading, the holding company for the entire Hilco platform.
In his roles with Hilco Merchant Resources and Hilco Trading, Ben helps companies, their lenders and professional advisors structure transactions to maximize returns on inventory, machinery and equipment, real estate and accounts receivable. Since 1996, Ben has managed some of the largest asset disposition transactions in North America. Since 2006, he has also worked with Hilco Consumer Capital to acquire and develop licensing strategies for numerous iconic brand names, including Sharper Image, Tommy Armour Golf, Bombay Company, Linens ‘N Things and Polaroid.
Prior to joining Hilco, Ben was a Chicago bankruptcy and creditors’ rights attorney at the prominent law firms, Jones, Day, Reavis & Pogue and Holleb & Coff.
|Jeffrey A. Paronto
Chief Operating Officer
|Jeff is a seasoned professional retailer with over thirty years experience at Kmart Corporation. His most recent assignments included the responsibilities of multi-store supervision as District Manager, Regional Manager and Director of Store Operations for Kmart's Southwestern Region. Jeff's operational expertise is being used to manage and control Hilco Merchant Resources' operations, providing clients with higher recoveries on their inventory and FF&E dispositions.|
Chief Financial Officer
|John has over twenty years of financial experience in the retail and liquidation industry. Prior to joining Hilco, he held various financial control positions, including Divisional Vice President of Financial Operations for Rich’s/Lazarus/Goldsmith’s, one of Federated Department Stores larger operating divisions. He is responsible for managing the financial infrastructure and reporting functions for Hilco Merchant Resources.|
Sr. Vice President, Marketing/Advertising
|Over a 20 year period, Len has held senior management positions in Marketing and Sales Promotion for Federated Department Stores, May Department Stores and Woodward & Lothrop/John Wanamaker. A cornerstone member of our team, Len excels at planning and executing marketing strategies that maximize impact and cost efficiencies for desired results.|
Managing Director of Hilco Fixed Asset Recovery
|Ed has a vast array of retail experience spanning over 25 years. In addition, Ed was a Lead Field Consultant with Hilco for over six years. Ed’s past operational and field experience is being used to extract maximum value from all fixed asset disposition projects by ensuring the execution of operational strategies in the field and quality control of all stores and field supervisors.|
| James Rategan
|James develops client and partner relationships for Hilco Merchant Resources and Hilco Real Estate, as well as other companies in the Hilco retail platform. He works with retailers and their advisors to provide capital and liquidity through asset-related advisory and monetization services in the context of mergers & acquisitions, restructurings, divestitures, and operational enhancements.
James is an active member of the International Council of Shopping Centers, Turnaround Management Association, Commercial Finance Association and American Bankruptcy Institute. Prior to joining Hilco, James worked for mTeam Financial, CIBC Oppenheimer, and the Asset Management Division of Goldman, Sachs & Co.
|Joseph A. Malfitano
Executive Vice President, Special Situations
|For more than a decade, Joe has been structuring complex asset acquisition and disposition transactions involving stressed, distressed and insolvent companies, both in-court and out-of-court. Over the years, Joe has developed the expertise needed to quickly assess a situation, formulate a comprehensive set of strategic alternatives, and work to quickly implement the solution best positioned to maximize short- and long-term stakeholder value.
In his role as EVP, Special Situations, Joe is primarily responsible for sourcing and structuring distressed and non-distressed transactions that involve the investment of capital by Hilco. While the majority of transactions are underpinned by either retail inventory, industrial machinery and equipment or real estate, or combinations thereof, Joe is also active in sourcing and structuring opportunities that touch upon every asset class and involve services offered by all of Hilco’s business units.
Joe joined Hilco in 2007 as the Deputy General Counsel. In that role, he was instrumental in documenting and closing over one hundred transactions representing an aggregate asset valuation in excess of $1 billion. Prior thereto, Joe was a member of the Bankruptcy & Corporate Restructuring practice of Young Conaway Stargatt & Taylor, LLP, one of Delaware's most prominent bankruptcy and corporate restructuring law firms. Among the many companies that benefitted from Joe’s restructuring expertise at Young Conaway are Alterra Healthcare Corporation, Big V Supermarkets, Inc., Budget Rent-a-Car, Polaroid, Inc. (Official Committee of Unsecured Creditors), Smart Papers, LLC, The Institute for Cancer Prevention, The Top-Flite Golf Company, Inc. and Worldtex, Inc.
Joe is a graduate of State University of New York, College at Buffalo and earned his law degree from Temple University - James E. Beasley School of Law.